PastaFazool

The Machine Stops
- by E.M. Forster

[PastaFazool @0xPasta_F]

@fewseethis That timing though considering legacy market and BTC are diverging. Looking back, Q's and SPY tend to follow, at which point this will be a much better looking chart for the bitcorn bulls I suspect.

[The Kobeissi Letter @KobeissiLetter]

Current situation:

1. Stocks are trading like the Fed already cut rates

2. Bonds are trading like rate cuts aren't happening

3. Gold is trading like we are on track for a "soft landing"

4. Oil prices are trading like we are entering a recession

5. Housing markets are trading like nothing is happening

Nothing adds up here.

[Lyn Alden @LynAldenContact]

I can’t imagine a more important trait in an investor than humility; the mindset of approaching everything as a learner.

[*Walter Bloomberg @DeItaone]

⚠️ BITCOIN SPOT ETF APPROVED

[PastaFazool @0xPasta_F]

$BITO The 'bull' ETF spike in open interest for the January 19th expiration this year at a $65 strike (currently ~$22.75)

Also noting the high open interest on the January 2025 expiration's (just a year later) at strike $30

[GURGAVIN @gurgavin]

FORBES DOES IT AGAIN

[unusual_whales @unusual_whales]

BREAKING: US politicians are benefiting personally from the Israel-Hamas war, as well as the Ukraine war.

I have aggregated a list of their stocks, like Raytheon, $RTX, Lockheed Martin, $LMT, & more.

Many are making millions as the wars continue.

Here are the politicians:

[AP @AltcoinPsycho]

How to improve any country overnight:

Ban:
-Lobbying
-Politicans over age 65
-Gov officials trading stocks
-Big pharma marketing direct to consumer
-Corporations buying residential real estate
-Zoning laws against mixed-use housing
-Unelected officials having federal authority

[Lyn Alden @LynAldenContact]

The Bretton Woods system was proposed in 1944 but it didn't really go into full effect until 1958, with the elimination of exchange controls for current-account transactions.
h/t @joakimbook

From that point, it's shocking how fast the system failed. Just 13 years from 1958-1971.

[Lyn Alden @LynAldenContact]

When they try to raise rates and suck out liquidity too quickly when debts are this high, chaos ensues. Can't fight 1940s-style inflation with 1970s-style policy.

Going forward, the Fed can either damage the currency or damage the long tail of small and medium banks.

[PastaFazool @0xPasta_F]

@youngwinthorp @IDKFA3

[PastaFazool @0xPasta_F]

@unusual_whales Not gonna be the only production shutting down over there...energy costs too high.

[PastaFazool @0xPasta_F]

@Pentosh1 It was painful to watch her cope like that.

[unusual_whales @unusual_whales]

Costco, $COST, CEO has said a one-word answer to whether he would raise the price of hot dogs: “No."

[sophie @netcapgirl]

“it’s far better to buy a bussin company at a sus price than a sus company at a bussin price, fr fr”

[PastaFazool @0xPasta_F]

Public admission that she doesn't know how to do her job.

[PastaFazool @0xPasta_F]

Good thing @SecYellen released this apology video, it def makes up for the generational damage done to our economy.

[The Hill @thehill]

.@SecYellen on inflation being transitory: "I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy [...] that I, at the time, didn't fully understand." https://t.co/AlrXn4kT0r

[PastaFazool @0xPasta_F]

@donveetz @NormandyRed69 @Lewant741 @dlauer This is even worse logic...lol.

Why should citadel get to pocket the difference in the spreads?

[PastaFazool @0xPasta_F]

@unusual_whales Unfortunately not that surprising considering US brokers did the same for meme stocks earlier this year